Which of the following statements is true about resources? Accountants classify resources as tangible or intangible assets. O Intangible resources are those with a physical presence. O Examples of tangible resources are brands and patents. O Intangible resources include land and factories.

Which of the following statements is true about resources? Accountants classify resources as tangible or intangible assets. O Intangible resources are those with a physical presence. O Examples of tangible resources are brands and patents. O Intangible resources include land and factories.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

Which of the following statements is true about resources?
Accountants classify resources as tangible or intangible assets.
O Intangible resources are those with a physical presence.
O Examples of tangible resources are brands and patents.
O Intangible resources include land and factories.

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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